Diamond Offshore secures U.S. Gulf of Mexico, North Sea drilling contracts from bp, Serica Energy for $360 million

February 08, 2024

(WO) – Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024. This contract extension represents approximately $350 million dollars of additional backlog.

Ocean BlackLion

Additionally, the company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea. The program is estimated to commence in March 2024 and to continue for approximately 60 days. The contract represents over $10 million of additional backlog.

Bernie Wolford, Jr., President and Chief Executive Officer, commented, “These awards reflect the continuing strength of the drillship market and the improving moored floater market in the U.K. North Sea while highlighting the exceptional work of our crews across these regions.”

Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.